Definition of Hedonic treadmill:
A hedonic treadmill is the tendency of a person to remain at a relatively stable level of happiness despite a change in fortune or the achievement of major goals. According to the hedonic treadmill model, as a person makes more money, their expectations and desires rise in tandem. So the rise in income results in no permanent gain in happiness. The hedonic treadmill is also referred to as the hedonistic treadmill or hedonic adaptation.
The hedonic treadmill theory explains the often-held observation that rich people are no happier than poor people, and that those with severe money problems are sometimes quite happy. The theory supports the argument that money does not buy happiness and that the pursuit of money as a way to reach this goal is futile. Good and bad fortunes may temporarily affect how happy a person is, but most people will end up back at their normal level of happiness.
A theory that describes the tendency of a person to remain at a relatively stable level of happiness, despite major positive or negative changes to livelihood or life goals. For example as a person makes more money and achieves certain life goals, their expectations and desires rise in relative proportion to these achievements, resulting in no permanent gain in happiness. Also called hedonic adaption.
Meaning of Hedonic treadmill & Hedonic treadmill Definition